I think the crypto market will bring good profits in the near future. Before that, we reviewed the BTC/USD instrument with Tech100(Nasdaq).
I think that the rises will start again as the FED (Federal Reserve)'s statements are not perceived as a hawk by the market.
Let's first examine the DXY chart.
DXY(US-Dollar Index)
The fall, which was up to 89,500 levels, turned its direction upwards as the inflation started to rise.
Although the FED says that it will start to increase interest rates and shrink the balance sheet, I think that this will not be sustained for long. There are still risks on the global economy.
The factors that trigger inflation are thought to be supply-side, so it is unlikely that this situation will be sustained for a long time, as interest rate hikes and contraction of the balance sheet will affect the demand side. Excessive rise in the Dollar Index (above 100 level) is not good for the US economy, and it may make the economy based on imports. causes a current account deficit.
DXY Technical Analysis
There is not much sign of bearish direction yet. At an important resistance between the level 99-100, it would be useful to take a look at the price's closings in this region again. If we model the depreciation process of the dollar after monetary expansion as 5 waves, an ABC correction should follow. According to the technical analysis There should be a 5-wave movement between BC, this movement will end around 99-100 level or whether it will continue, time will tell.
XAU/BTC/Exchanges
If inflation stays above interest rates for a long time, inflation will increase prices, thus creating a demand for these products.
So I think the main trend for XAU/USD is still up. There may be short-term downward corrections. These lows should be considered as buying opportunities.
Above 45,000 for BTC/USD means that the bull trend has started for the crypto market. Right now, we are likely to see sharp rises as the market almost completes the recovery process from the bottom.
The US stock markets (Dow Jones-Nasdaq-Sp500) fell by -10-15% after the moves of Ukraine-Russia and the FED.
These levels are in the new support position, the stock markets may even rise to a new high, but the prices are very high, this movement may be the last movement of the stock markets.
Pls Follow and Like For Support Us.
I think that the rises will start again as the FED (Federal Reserve)'s statements are not perceived as a hawk by the market.
Let's first examine the DXY chart.
DXY(US-Dollar Index)
The fall, which was up to 89,500 levels, turned its direction upwards as the inflation started to rise.
Although the FED says that it will start to increase interest rates and shrink the balance sheet, I think that this will not be sustained for long. There are still risks on the global economy.
The factors that trigger inflation are thought to be supply-side, so it is unlikely that this situation will be sustained for a long time, as interest rate hikes and contraction of the balance sheet will affect the demand side. Excessive rise in the Dollar Index (above 100 level) is not good for the US economy, and it may make the economy based on imports. causes a current account deficit.
DXY Technical Analysis
There is not much sign of bearish direction yet. At an important resistance between the level 99-100, it would be useful to take a look at the price's closings in this region again. If we model the depreciation process of the dollar after monetary expansion as 5 waves, an ABC correction should follow. According to the technical analysis There should be a 5-wave movement between BC, this movement will end around 99-100 level or whether it will continue, time will tell.
XAU/BTC/Exchanges
If inflation stays above interest rates for a long time, inflation will increase prices, thus creating a demand for these products.
So I think the main trend for XAU/USD is still up. There may be short-term downward corrections. These lows should be considered as buying opportunities.
Above 45,000 for BTC/USD means that the bull trend has started for the crypto market. Right now, we are likely to see sharp rises as the market almost completes the recovery process from the bottom.
The US stock markets (Dow Jones-Nasdaq-Sp500) fell by -10-15% after the moves of Ukraine-Russia and the FED.
These levels are in the new support position, the stock markets may even rise to a new high, but the prices are very high, this movement may be the last movement of the stock markets.
Pls Follow and Like For Support Us.
